[Edaily Reporter Park Jung-Soo ] NOUSBO(332290)announced on the 29th that it has decided to consolidate five common shares into one. The par value per common share will increase from 100 won to 500 won, and the total number of issued shares will decrease from 39,904,404 to 7,980,880. The general shareholders’ meeting is scheduled for August 7, and the effective date for the new shares is August 11. The new shares will be listed on August 28. Accordingly, trading in the company’s shares will be suspended from August 7 through August 27. The company stated, “We are conducting this stock consolidation to stabilize the stock price and enhance corporate value by maintaining an appropriate number of shares in circulation.”
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NOUSBO Decides on 5-for-1 Stock Consolidation
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